Dalene Stuteville

Performing / Non-Performing Note Package for Sale

Seller Wants This Sold!

Current 1st Trust Deed Balances $4,451,026.50

Asking $2,000,000 - Make Offer!

Appraisals completed on March 2008.

All loans are 1st Trust Deeds! Most Foreclosures are in process! Majority SFRs

• 20 States
• 99 Total Notes
• 79 Occupied
• 19 Vacant
• 1 Tenant

Email a completed NCND and proof of funds to executivedirector @ encoreinevestmentgroupinc.com receive the sanitized list and to be put in direct contact with seller’s representative.

These will not be here next week!!!

I had an associate ask what I might do differently if I were to start over again. One of those things would be to line up private money early on. However, early on, it's hard to get private money lenders to trust your skills especially if you don't have them quite yet. Let's face it, you probably don't have $200,000 lying around to satisfy the requirements of a Proof of Funds. Plus, if you don't have the chops yet yourself, hard money won't anty up at a contract offer unless they've worked with you before. If you do have someone to guide you through the rest of the process and you've knocked on all the hard / private money doors and they won't give you a Proof of Funds letter, you do have one option. You can have an account set up for you with the cash you need in it. I would strongly caution you about doing so.

First, KNOW the deal you're walking into and be sure there's enough in it to walk away in profit. Second, Proof of funds will completely negate your financing contingency because of course, your letter says you have it. So you better have it. Meaning, your funding on the back end whatever that might be, had better be solid. This is why you need to have an experienced investor walk you through the rest of the process. That being said, with a POF you can open doors not normally open. You can present yourself with positioning power where others have backed away. When cash is king, you can be royalty in as little as 24 hours and at a minimal cost. Again, do this at your own risk. If the bank is serious about seeing it, you can believe they're equally serious about you not having it when it comes time to close.

Contact me if you are interested in setting up a POF for you or your company and we'll see if it's right for you.